JPMorgan Chase & Co. Reduces Position in Mirion Technologies, Inc. (NYSE:MIR)

JPMorgan Chase & Co. decreased its stake in Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 37.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 220,133 shares of the company's stock after selling 129,586 shares during the quarter. JPMorgan Chase & Co. owned about 0.09% of Mirion Technologies worth $2,437,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Mirion Technologies by 20.3% during the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company's stock valued at $65,642,000 after buying an additional 1,031,966 shares during the period. State Street Corp lifted its stake in shares of Mirion Technologies by 2.7% during the 3rd quarter. State Street Corp now owns 5,365,728 shares of the company's stock worth $59,399,000 after acquiring an additional 138,648 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Mirion Technologies by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company's stock valued at $49,851,000 after acquiring an additional 147,408 shares during the period. Corsair Capital Management L.P. grew its position in Mirion Technologies by 83.9% in the 3rd quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company's stock valued at $34,991,000 after acquiring an additional 1,441,846 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its stake in Mirion Technologies by 8.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company's stock worth $33,211,000 after purchasing an additional 241,334 shares during the period. Institutional investors own 78.51% of the company's stock.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of the business's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total transaction of $105,825.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $21,786,079.87. The trade was a 0.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Emmanuelle Lee sold 3,405 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.27, for a total value of $48,589.35. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Mirion Technologies Stock Up 3.7 %

Shares of NYSE MIR traded up $0.62 during midday trading on Tuesday, reaching $17.17. 1,455,358 shares of the company's stock traded hands, compared to its average volume of 1,784,730. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -50.49 and a beta of 0.75. The stock's 50 day simple moving average is $16.93 and its 200-day simple moving average is $13.46. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. Mirion Technologies, Inc. has a one year low of $9.11 and a one year high of $18.81.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. On average, analysts predict that Mirion Technologies, Inc. will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Baird R W raised shares of Mirion Technologies to a "strong-buy" rating in a research note on Thursday, December 19th. B. Riley initiated coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They issued a "buy" rating and a $14.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Citigroup boosted their price target on Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, Robert W. Baird initiated coverage on Mirion Technologies in a report on Thursday, December 19th. They set an "outperform" rating and a $22.00 price objective on the stock. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $19.25.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.